India Boosts Old Nuclear Plants' Income

India is enhancing financial support for its aging nuclear power infrastructure by permitting older plants to generate additional revenue. Facilities that have been operational for a minimum of thirty years are now eligible to charge consumers an extra 0.5 rupees per kilowatt hour, a move designed to bolster funding for both new ventures and the maintenance of current operations. This policy is part of a broader strategy to energize India's nuclear sector.

The "special incentive" is integrated into a comprehensive atomic power pricing strategy set to last for five years, with a retroactive start date of April 2022. This initiative is critical as India relies on consistent baseload power from coal and nuclear sources to manage peak electricity demand, especially during evenings when solar output diminishes. The nation has set a significant target of 100 gigawatts of nuclear capacity by 2047.